GNC Holdings Inc (NYSE:GNC)’s share price shot up 8.6% on Monday . The stock traded as high as $3.60 and last traded at $3.79. 106,423 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 1,922,217 shares. The stock had previously closed at $3.49.
A number of research firms have recently issued reports on GNC. Morgan Stanley began coverage on shares of GNC in a research note on Wednesday, May 30th. They issued an “equal weight” rating and a $3.00 price target on the stock. Zacks Investment Research raised shares of GNC from a “sell” rating to a “hold” rating in a research note on Monday, May 14th. Barclays reduced their price target on shares of GNC from $4.50 to $3.50 and set an “underweight” rating on the stock in a research note on Friday, April 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of GNC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $5.60.
The company has a market cap of $318.76 million, a PE ratio of 2.93 and a beta of 0.83. The company has a current ratio of 1.50, a quick ratio of 0.49 and a debt-to-equity ratio of -5.93.
GNC (NYSE:GNC) last released its quarterly earnings results on Thursday, April 26th. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $607.50 million for the quarter, compared to the consensus estimate of $573.32 million. GNC had a negative net margin of 6.89% and a negative return on equity of 84.23%. The business’s revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 EPS. analysts anticipate that GNC Holdings Inc will post 0.45 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in GNC. Spark Investment Management LLC purchased a new stake in GNC during the 4th quarter worth approximately $2,883,000. Arrowstreet Capital Limited Partnership purchased a new stake in GNC during the 4th quarter worth approximately $440,000. MANA Advisors LLC purchased a new stake in GNC during the 4th quarter worth approximately $1,155,000. Elephas Investment Management Ltd purchased a new stake in GNC during the 4th quarter worth approximately $19,310,000. Finally, Maverick Capital Ltd. increased its stake in GNC by 1,758.9% during the 4th quarter. Maverick Capital Ltd. now owns 676,010 shares of the specialty retailer’s stock worth $2,494,000 after buying an additional 639,643 shares during the period. 53.36% of the stock is currently owned by institutional investors and hedge funds.
GNC Company Profile
GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. It operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink, and other general merchandise.
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